Home News Tory MP faces questions over long-term links with property agency who gave him £60k job

Tory MP faces questions over long-term links with property agency who gave him £60k job

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Tory MP faces questions over long-term links with property agency who gave him £60k job

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Labour Party Chair Anneliese Dodds stated: “The people of Stevenage will wonder why their Conservative MP has been raking in thousands from a property developer when he’s supposed to be working for them”

A Tory MP faces questions over his long-term links to a property firm which now pays him £60,000 a year as a strategic advisor.

Newly published documents reveal Stephen McPartland started working for MBU Capital last month, providing “strategic advice” in return for £5,000 a month.

The Stevenage MP already works ten hours a month as a non-executive director of Furniture Village, from which he pockets greater than £4,000 a month – regardless of telling voters earlier than his election that he would make being an MP his “full-time job”.

MBU Capital Group is a London-based monetary agency which invests in “nationwide assets, training, hashish/CBD and actual property”.

He took the new job on 1 November, and according to the register expects to work for eight hours a month – which amounts to £625 an hour.

But the Mirror can reveal the Stevenage MP’s relationship with the firm goes back several years.

Archive pictures show he posed with the firm’s managing partner, Ajaz Ahmed, after MBU secured permission to build a block of flats in the centre of Stevenage in 2017.






Tory MP Stephen McPartland

And a couple of months earlier, the agency had donated £5,000 to Mr McPartland’s native Conservative Party.

Labour Party Chair Anneliese Dodds stated: “The people of Stevenage will wonder why their Conservative MP has been raking in thousands from a property developer when he’s supposed to be working for them.

“He should also explain why he has been so opposed to plans to build affordable housing in the town, but so in favour of a multi-million pound property development there.”

Mr McPartland has beforehand opposed council plans to construct housing in and across the city, writing letters of objection and asking ministers to name in planning purposes.

But he welcomed the personal growth of Park Place by his donor and future employer, saying: “Park Place marks another important step forward in the regeneration of Stevenage town centre.

“The £50m development demonstrates the confidence that investors have in the future of the town.”

There’s no suggestion of wrongdoing by Mr McPartland or MBU Capital.

Ms Dodds added: “This seems like yet another example of how Boris Johnson and his MPs act as if there is one rule for them, and another rule for everyone else.”

Boris Johnson has promised an overhaul of the principles governing MPs exterior earnings – banning MPs from “exploiting their positions” by working as paid consultants.

But Labour have argued his plans don’t go far sufficient, and pledged to ban all second jobs for MPs, with only a handful of exemptions.

Mr McPartland, shortly earlier than his election in 2010, promised voters: “If I became Stevenage’s MP, I would treat it as a full-time job.”

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